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Search Results 0 to 14 of about 15 (some duplicates have been removed)
. it is an anomaly. is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi drivers have been told
today, the biggest talk in town was about the economy. president obama and the republican speaker made their views known on the upcoming fiscal cleiff approaches. both men agreed on the urgency to act. the devil is in the details. >> ladies and gentlemen, that the president and the vice- president of the united states. >> del left the supporters fool you, he knows there is no honeymoon the second time around. he is straight into a living and economic crisis in demanding compromise from politicians. dodge the american people understand we will have differences in disagreements in the months to come. they get back. but on tuesday, they said loud and clear that they won't tolerate this function for politicians that view compromise as a dirty word when americans are out of work, families and small business owners are still struggling to pay the bills. >> automatic tax rises and cuts to government spending could take more than $600 billion out of the economy, leading to 2.1 million jobs lost shrinking by half a percent sign. such a prospect has spooked global markets. riding high on re-elec
at the barber shop run by ivan loyd. obama has another chance to get the economy back on track. ?an he do it chairma >> when you see things that are happening on the economic front and the last couple months, that is a good sign. >> if you think obama is on the right track? >> yes. >> how to deal with a country so undivided. the wealth gap is clear. so is the ideological divide. the president has to work with a split congress. in the senate they strengthen the narrow majority. in the lower house, republicans still have solid control. spending is where the first battle looms. legally government spending could be cut automatically by six under $20 million. >> we are ready to be led, not as democrats or republicans, but as americans theory of we want you to leave, not as -- but as americans. we want you to lead as president of the united states of america. >> some will not back down. no deal, and the resulting debt crisis will stall economic recovery. >> it is no surprise he called for economic unity. trust in the government is at an all-time low. the political camps are digging their heels
is in recession for the second time in three years. unemployment is still going out. the economy is weakening, yet further tax increases are in the pipeline. >> there were protests in at least six european countries today. much of the transport was shut down in a country where unemployment is nearly 26%. in portugal there was a general strike. in greece, protesters cried, and enough is enough. the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he said. sooner or later, it is going to explode. at times in recent weeks, it has seemed as though the eurozone crisis was weakening, but the real economy is worsening, and the frustration is available and s visible on spanish streets.
, the year as an economy has seen a second successive quarter of contracting output. between july and september, there was a fall of 0.1% in overall economic activity. more problems for the euro zone political leadership as they try to chart a course for the single currency. the german finance minister speaking at a business conference said the challenges ahead could be addressed. >> investors cannot ignore europe as the largest economic zone in the long run. or leave it out of their economic considerations. the world needs a strong europe. >> weaker economies brought down the performance of the euro zone. italian output fell by 0.2%. spain and saw the decline of 0.3. france and germany, both registered 0.2% increases. those two major economies could struggle to keep up the momentum. greece has been in recession since 2007. the combination of that and the austerity program provoking protests. a german diplomat was jostled as workers amassed outside a meeting of the german and greek officials. the euro zone economic downturn will not do anything to ease tensions. >> after a week of
's second-largest economy. for many, the pace of political changes to slow. our world affairs editor looks at how an old political system is operating in a changing nation. >> this was once a place without a name. just a number. some secret -- so secret it was not on the map. it was an industrial zone where armaments were made. so-called district 798. now is the center for artists and galleries. young, educated people here feel increasingly left out of the system altogether. >> as a young womna, she -- woman, she worked in a missile factory. now she is a writer. >> this is at a crucial state. general reforms have to be introduced. there will be reforms but probably not as much as people hope for. i will say that there will be more protests. >> from this austere little flat in northwest beijing comes the quietly critical thoughts of a famous 23-year-old. facebook and twitter are banned here. on the chinese equivalent, she has nearly 6 million followers. more than victoria beckham. people are chatting on-line about politics and society. and strong censorship. chrysler posted something, staff
Search Results 0 to 14 of about 15 (some duplicates have been removed)